Couchbase (NASDAQ:BASE) Now Covered by Analysts at Rosenblatt Securities

Equities researchers at Rosenblatt Securities assumed coverage on shares of Couchbase (NASDAQ:BASE) in a research note issued on Wednesday,Benzinga reports. The firm set a “buy” rating and a $20.00 price target on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 48.81% from the company’s previous close.

Several other equities analysts have also recently weighed in on BASE. Barclays decreased their price target on shares of Couchbase from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, February 26th. UBS Group decreased their target price on shares of Couchbase from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of Couchbase from $25.00 to $22.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Truist Financial started coverage on Couchbase in a report on Thursday, December 12th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Guggenheim dropped their target price on Couchbase from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Couchbase presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.06.

Couchbase Stock Down 1.6 %

Couchbase stock opened at $13.44 on Wednesday. Couchbase has a twelve month low of $12.78 and a twelve month high of $28.67. The company has a 50 day moving average of $16.38 and a 200-day moving average of $16.65. The stock has a market capitalization of $713.66 million, a PE ratio of -8.40 and a beta of 0.85.

Couchbase (NASDAQ:BASE) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.22). The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $53.25 million. Couchbase had a negative net margin of 39.31% and a negative return on equity of 57.22%. Equities analysts anticipate that Couchbase will post -1.48 EPS for the current fiscal year.

Insider Activity

In other Couchbase news, SVP Margaret Chow sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $18.31, for a total transaction of $274,650.00. Following the transaction, the senior vice president now owns 133,067 shares in the company, valued at $2,436,456.77. This represents a 10.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Huw Owen sold 14,742 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $18.05, for a total value of $266,093.10. Following the completion of the sale, the senior vice president now owns 311,251 shares of the company’s stock, valued at approximately $5,618,080.55. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,400 shares of company stock valued at $975,265. 16.10% of the stock is owned by insiders.

Institutional Trading of Couchbase

Large investors have recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Couchbase by 242.9% in the 3rd quarter. Barclays PLC now owns 75,602 shares of the company’s stock valued at $1,218,000 after purchasing an additional 53,555 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Couchbase by 169.8% during the third quarter. JPMorgan Chase & Co. now owns 192,216 shares of the company’s stock worth $3,099,000 after purchasing an additional 120,975 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Couchbase by 33.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 369,190 shares of the company’s stock worth $5,951,000 after buying an additional 93,301 shares during the period. 272 Capital LP bought a new position in shares of Couchbase during the third quarter valued at $3,720,000. Finally, Geode Capital Management LLC grew its stake in shares of Couchbase by 10.3% in the third quarter. Geode Capital Management LLC now owns 944,447 shares of the company’s stock worth $15,228,000 after purchasing an additional 88,068 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

About Couchbase

Couchbase, Inc provides cloud database platform for enterprise applications in the United States and internationally. Its database works in multiple configurations, ranging from cloud to multi- or hybrid-cloud to on-premise environments to the edge. The company offers Couchbase Capella, an automated and secure Database-as-a-Service that simplifies database management by deploying, managing, and operating Couchbase Server across cloud environments; and Couchbase Server, a multi-service NoSQL database, which provides SQL-compatible query language and SQL++ that allows for a various array of data manipulation functions.